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Old 10-26-2012   #14
Trogdor
 
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Join Date: Aug 2011
Location: Blaine
Drives: people crazy
Posts: 985
Re: Need New DD...~15k

At the risk of affecting the chances Dave buys a Kizashi, leasing to own isn't a terrible idea like people think it is as long as you are well informed about how to do it.

You want your lease:residual to be as close to 50:50 as you can get it. This way your payments don't go up $100 a month when you buy the car. You also need to take in to account that interest rates will be higher. Not only will they be higher because lease rates are subsidized. It will also be higher because it's now a used car.

Are you paying TONS more money than you would if you were to buy it? No. Kare11 actually ran a story about this recently showing that you save money in most cases by leasing for 3 and financing for 3.

That said, and this is where I go back to trying to sell Dave a car, 0% for 72 is lower than any lease rate and any interest rate you can get on a 3 year old used car!

Last edited by Trogdor; 10-26-2012 at 12:40 PM..
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